2017 KEY HIGHLIGHTS 137.7m Cash, cash equivalents and liquid investments Proposed 2017 dividend 5.25 pence FINANCIAL Receipt of remaining Mongolian proceeds 42.7m Low operating cost < 14/bbl Vietnam Africa Production 8,276 BOEPD…
STRATEGIC DRIVERS OUR VISION GROWTH M & A Portfolio rationalisation To create a full cycle, growth Organic growth orientated E&P company of scale focused on maximising total shareholder returns. LIQUIDITY YIELD Broadening…
STRATEGY FOR GROWTH A Continuous Process no onestep solution SOCO FUTURE ORGANIC Strong balance sheet GROWTH Dividend Portfolio diversification M & A Full cycle balance ACTIVITY Resource longevity PORTFOLIO Sustainable…
MAXIMISING PROFITS IN VIETNAM Cuu Long Basin Blocks 2017 production averaged 8,276 BOEPD net Te Giac Trang (TGT) Production averaged 6,724 BOEPD net Updated Full Field Development Plan Two infill wells drilled on time and within…
INVESTING IN OUR CORE ASSET Vietnam is a core, valued asset in our portfolio TGT Well Drilling Programme 20172018 TGT30P Activity and investment for 2018 to include: 2018 Capex; TGT 29.3m, CNV 4.3m TGT 16 AP TGT Development…
RECOGNISING OPPORTUNITY Blocks 125 & 126 PSC signed October 2017 SOCO awarded a 70% operated interest over the two blocks Partners PetroVietnam and SOVICO Holdings Complements existing producing assets Established presence in…
POISED FOR GROWTH Steady revenues FINANCIAL Low operating costs STABILITY Long term approach to managing capital A disciplined approach to capital allocation PORTFOLIO Optimisation of TGT & CNV production Portfolio…
CONTACT US Investor Relations SOCO International plc 48 Dover Street London W1S 4FF United Kingdom Tel: 020 7747 2000 Fax: 020 7747 2001 Registered No: 3300821 www.socointernational.com
APPENDIX
2017 FINANCE RESULTS Revenue (m) Oil Price Realised(/bbl)* 200 *Realised oil price per barrel is the average proceeds received for each barrel of oil sold in the period 80 175 150 60 125 154.6 156.2 56.4 100 40 45.0 75 50 20 25 0…
2017 FINANCE RESULTS Cash, Cash Equivalents and Liquid Investments (m) 200 175 42.7 150 45.0 21.0 125 137.7 29.3 100 100.3 75 50 25 0 Cash at 31 December 2016 Cash from Operating Activities Investments in Assets…
ACCOUNTING CHANGES Strategic and Policy Accounting changes (m) 250 Change of Policy to 219.9 200 successful efforts; and 150 67.6 10.9 141.4 Change of Strategy in relation to Africa 100 50 0 Strategic change Africa…
FINANCE FOCUS 2018 GUIDANCE Capital Low Cash Operating Cost CNV Discipline 13.7/boe 4.3m 125 & 126 6.0m Capital Investment in Assets Capex Spend TGT (including abandonment) Allocation 29.3m 39.6m 29.3m Capital Dividend…
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